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Court Turns Maryland Condo Insurance Upside Down

East News • June 3, 2008
A dispute over $6,400 in damage to a Maryland townhouse led to an unexpected court decision that has reversed 26 years of standard industry practice, and left insurers, agents, lawmakers and ...

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Subject: RE: RE: MD agents need a new vision

Posted On: June 6, 2008, 7:53 pm CDT
Posted By: RRB
Comment:
The court of appeals ruled that the insurance clause of the Maryland Condo Act was ambiguous and therefore ruled in the associations favor. As everyone knows a condo association is governed by it's BY-Laws, which are deeded and recorded. The court can't change the By-Laws only a voting majority of the unit owners can change the By-Laws. If the current By-Laws state that the association MUST insure the Complex and the units, then until the By-Laws are changed the board of directors has no choice but to honor the By-Laws. Since mortgage holders are also insured by the associations certificate of insurance, they also must be advised that the insurance they require will be changed, so that they can call their loan for failure to protect their investment. Someone needs to read their By-Laws, the court of appeals can't change them with the stroke of a pen.
Subject Posted By Posted On
RE: RE: RE: RE: MD Agents are totally wrong Condo Writer
Jul 10, 2008, 8:23 pm
RE: RE: RE: MD Agents are totally wrong Don
Jul 10, 2008, 7:53 pm
RE: RE: RE: RE: RE: Bare Walls Interested
Jun 19, 2008, 9:09 am
RE: RE: RE: RE: Bare Walls Scott
Jun 19, 2008, 9:06 am
RE: RE: RE: Bare Walls Ins
Jun 19, 2008, 9:02 am
RE: RE: Bare Walls Retired
Jun 19, 2008, 8:46 am
RE: Bare Walls Ins
Jun 19, 2008, 7:46 am
RE: Condo Policy vs Master Policy rrb
Jun 16, 2008, 12:56 pm
RE: Bare Walls In Reiterated FUR
Jun 16, 2008, 11:32 am
Bare Walls In Reiterated Condo Ins Producer
Jun 16, 2008, 10:35 am
RE: Who wrote this article - YOU ARE WRONG and YOUR INFO IS Author! Author!
Jun 12, 2008, 1:33 pm
RE: Bare Walls GP
Jun 12, 2008, 9:08 am
Who wrote this article - YOU ARE WRONG and YOUR INFO IS WRON Scott Henderson
Jun 10, 2008, 2:29 pm
need a new vision
Jun 9, 2008, 9:31 pm
RE: Bare Walls underwriter
Jun 9, 2008, 7:48 pm
Bare Walls Retired
Jun 9, 2008, 4:25 pm
RE: RE: MD agents need a new vision RRB
Jun 6, 2008, 7:53 pm
RE: RE: RE: RE: RE: RE: MD agents need a new vision underwriter
Jun 6, 2008, 7:59 am
RE: MD agents need a new vision Scott
Jun 6, 2008, 7:19 am
RE: RE: MD Agents are totally wrong fur
Jun 5, 2008, 9:13 am
RE: MD Agents are totally wrong Good Hands
Jun 4, 2008, 4:06 pm
RE: RE: MD Agents are totally wrong John Scrader
Jun 4, 2008, 11:54 am
RE: RE: RE: RE: RE: RE: MD agents need a new vision Larry
Jun 4, 2008, 11:35 am
RE: MD Agents are totally wrong fur
Jun 4, 2008, 9:10 am
MD Agents are totally wrong John Scrader
Jun 4, 2008, 8:54 am
RE: RE: RE: RE: RE: MD agents need a new vision Condo Agent
Jun 4, 2008, 7:40 am
RE: RE: RE: RE: MD agents need a new vision SP
Jun 3, 2008, 5:18 pm
RE: RE: RE: MD agents need a new vision company person
Jun 3, 2008, 4:17 pm
RE: RE: MD agents need a new vision FUR
Jun 3, 2008, 3:43 pm
RE: MD agents need a new vision Condo Agent
Jun 3, 2008, 2:42 pm
MD agents need a new vision Smitty
Jun 3, 2008, 2:29 pm
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